However, the behaviour of consumer depends on some factors. There are number of factors in the study of consumer behaviour which plays important role in buying of any new product or services from the selling firm such as customer income, culture, technology, various types of personal factors.
The responsibilities of the board of directors includes the establishment of the audit and compensation committees. The audit committee is responsible for ensuring that the company's financial statements and reports are accurate and use fair and reasonable estimates.
6 Creating an effective audit committee The role of the audit committee chairman The audit committee chairman should be knowledgeable of the organisationâsbusiness, financial and auditing processes and has the followingresponsibilities: z Planning and conducting meetings. z Overseeing reporting to the full board.udit committee secretary The audit committee secretary is usually the company secretary. Companysecretaries are uniquely placed: they provide an essential link between themajor elements of the company-directors, management, shareholders andregulators.